Call me an asshole but, people who lost their homes/etc over this guy, sadly, honestly deserve it for being stupid.
- if you lost your house over your stock investments, regardless if they were legit or not, you couldn't afford to be in the market in the first place and simply don't have a bit of financial sense. You ONLY bet the house when you're in vegas. (that's a joke)
- How do you not keep track of your investments, especially if they are on that big of a scale? I have a measly (compared to the scammed people) $13k in the market and I ALWAYS have yahoo finance open in a tab and constantly browse it and check whats going on while i'm online, especially between 930 and 4. If I had 100's of thousands, or even millions like some who got owned here, I would be even MORE up on what's going on.
- There is NO WAY with the amout of people involved in this and the $ figures used X (times) the massive amounts of stocks that he was able to pay dividends on time or at the correct dollar figure, or maintain track of splits, reverse splits, and everything else. Within 3 months, you should have known you got taken. He's been doing this for HOW many years?
So, I once again rest my case.... people are stupid.